Telemus Capital LLC Raises Stake in Pool Co. (NASDAQ:POOL)

Telemus Capital LLC raised its position in shares of Pool Co. (NASDAQ:POOL) by 17.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,972 shares of the specialty retailer’s stock after purchasing an additional 1,799 shares during the period. Telemus Capital LLC’s holdings in Pool were worth $4,773,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Pool in the fourth quarter worth $28,000. CVA Family Office LLC purchased a new position in shares of Pool in the fourth quarter worth $34,000. Lindbrook Capital LLC lifted its holdings in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Pool by 96.7% in the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares in the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in shares of Pool in the third quarter worth $43,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Oppenheimer boosted their price target on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Stifel Nicolaus restated a “hold” rating and issued a $370.00 price target on shares of Pool in a research report on Tuesday, March 5th. Finally, Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and boosted their price target for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $397.80.

Insider Transactions at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Pool Trading Up 1.3 %

POOL stock opened at $365.88 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 3.35 and a beta of 1.00. The firm’s fifty day simple moving average is $394.15 and its two-hundred day simple moving average is $373.05.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.79 earnings per share. As a group, analysts anticipate that Pool Co. will post 13.3 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s payout ratio is presently 33.03%.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.